Three Ways Brexit Exit Could Affect Americans Personally

Washington Post, June 24, 2016–Mui, Ylan Q.

Mortgage rates have plunged to the lowest level in three years in recent weeks as the Federal Reserve has begun to fear that Brexit might become a reality. The latest data from housing giant Freddie Mac shows the average interest rate on a 30-year conventional loan at 3.54 percent, compared with more than 4 percent a year ago. The Mortgage Bankers Association reported loan applications have increased 17 percent from the first quarter, while refinancing is up 10 percent.